Question

Provide any TWO types of financial assistance that can be applied for after Grade 12 to study an briefly discuss them

Answer 1

Explanation:Bursary- A bursary is when a company will assist a student by funding their university or higher education. These bursaries often include living allowances, and pocket money. Sometimes the company will require you to work for them at minimum wage once you have graduated. These bursaries are provided to post-Matriculants who are in need of financial assistance and are dedicated to studying further.

Student Loan- This is a type of financial assistance provided by either the government or sometimes banks to pay for your college tuition. You are later required to pay back this loan with interest once you have stable income. Because of this, it is easier to apply for a Student Loan than any other type of financial aid. You are required to be accepted into a university and have someone to service you loan.